Oman: Amendments to VAT executive regulations

Oman issued Decision No 456/2022 to amend certain provisions of the Oman value added tax executive regulations

Oman issued Decision No 456/2022 to amend certain provisions of the Oman VAT regulations

The Oman tax authority has issued Decision No 456/2022 to amend certain provisions of the Oman value added tax (VAT) executive regulations for the Oman VAT law. The decision was published in the Official Gazette on 16 October 2022 and comes into effect on 17 October 2022.

The summary of amendments to the VAT executive regulations include:

  • Electronic tax invoice
  • Place of supply of wired and wireless telecommunication services
  • Documents to recover input VAT
  • VAT exemption for financial services
  • Timelines for issuance of tax invoices and other related documents
  • Issuance of tax invoices, debit notes, and credit notes in electronic format
  • Approval for issuance of a simplified tax invoice
  • VAT refund to foreign governments and related bodies
  • Failure to issue tax invoices and electronic tax invoices

This is the first time the tax authority has amended the Oman VAT legislation since its implementation on 16 April 2021. Some of these amendments (e.g., issuance of tax invoices within 15 days) replicate clarifications already issued by the tax authority in sector-specific VAT guides or privately, while others are in anticipation of potential tax reforms. 

Read an October 2022 report prepared by the KPMG member firm in Oman

 

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